Brief Exercise 5-4 Prepare the journal entries to record these transactions on Wildhorse Company's books under a perpetual inventory system. (Credit account titles are autor Do not indent manually.) (a) On March 2, Benson Company sold 756,000 of merchandise to Wildhorse Company, terms 2/10, n/30. The cost of the merchandise sold was 581,000. Account Titles and Explanation Debit Credit (b) On March 6, Wildhorse Company returned 113,400 of the merchandise purchased on March 2. The cost of the returned merchandise was 84,338. Account Titles and Explanation Debit Credit (c) On March 12, Benson Company received the balance due from Wildhorse Company. Debit Credit Account Titles and Explanation